Professional Documents
Culture Documents
Mini Project
Mini Project
INSURANCE APPROVAL
Submitted By
Jacob Laudwin L (P18AJ21S0174)
Srinivasareddy D N (P18AJ21S0192)
CERTIFICATE
This is to certify that the Project entitled
INSURANCE APPROVAL
Submitted in partial fulfilment of the III SEM MCA Mini-Project
is a result of the bonafide work carried out by
Jacob Laudwin L (P18AJ21S0174)
and
Srinivasareddy D N (P18AJ21S192)
UNDERTAKING
ACKNOWLEDGMENT
I am thankful to our Head of the Department Dr. Sudha M, Department of MCA, Acharya Institute
of Graduate Studies for constant encouragement and support throughout the project.
I would also like to extend my gratitude to our Principal Dr. Gurunath Rao Vaidya, Acharya
Institute of Graduate Studies for constantly evaluating and setting up rules which help the students to
I extend my thanks to all the faculty members and the Management for their constant support and
upliftment.
(USN)
Synopsis
Key features of the Insurance Management System include policy administration, claims
processing, underwriting, customer relationship management (CRM), billing and accounting,
reporting and analytics, and integration capabilities.
The policy administration module allows insurers to create, update, and manage insurance
policies. It supports policy quoting, rating, issuance, endorsements, and renewals. The claims
processing module automates the handling of insurance claims, tracking and managing
claims, and calculating claim settlements.
2022-23
Acharya Institutes of Graduate Studies Page 6
Insurance Approval
INDEX
Sr. No. Particular Pg. No.
1 Introduction 7
2 System Environment
3 Problem Specification
7 Database Design 26
8 Implementation 27
9 Testing 34
10 Screenshots 36
11 Future Enhancement 39
12 Conclusion 40
13 References 41
CHAPTER 1
INTRODUCTION
The goal of bank loan prediction is to develop an accurate and reliable model that can assist
banks and lenders in making informed decisions regarding loan approvals. By leveraging
historical loan data, along with various borrower attributes and financial indicators, machine
learning models can assess creditworthiness and estimate the probability of loan repayment.
The ultimate aim of bank loan prediction is to assist financial institutions in mitigating risk
and improving the efficiency of their lending processes. By accurately assessing
creditworthiness, banks can streamline loan approval procedures, reduce the likelihood of
defaults, and optimize their loan portfolios. Furthermore, borrowers can benefit from fair and
transparent evaluation processes, ensuring that loans are granted based on merit and their
ability to fulfil repayment obligations.
Bank loan prediction using machine learning is a vital application that leverages advanced
algorithms to analyse historical data and predict the likelihood of loan approval or default.
With the increasing availability of digital data and the need for efficient credit risk
assessment, machine learning models have become a valuable tool for financial institutions.
The use of machine learning in bank loan prediction involves several stages, including data
collection, pre-processing, feature engineering, model selection, training, and evaluation.
Historical loan data, encompassing attributes such as credit scores, income, employment
history, loan amounts, and repayment status, serves as the foundation for training the model.
By analysing this data and extracting meaningful patterns, the model can identify critical
factors that contribute to loan default or successful repayment.
CHAPTER 2
SYSTEM ENVIRONMENT
LANGUAGE : Python
BACKEND : SQLite3
APPLICATIONS : PyCharm
10GB HDD(min)
6GB RAM(min)
Intel I3 or more higher processor
Keyboard
Mouse
Monitor
CHAPTER 3
3.1.2 Objectives:
Efficient Policy Administration: The IMS aims to streamline and automate policy
administration processes, including policy issuance, underwriting, endorsements,
renewals, and cancellations. It enables insurance companies to handle policy-related
tasks efficiently, ensuring accurate and timely policy management.
Seamless Claims Processing: One of the key objectives of an IMS is to facilitate smooth
claims processing. It automates and simplifies the end-to-end claims lifecycle, from
claims registration to assessment, verification, settlement, and recovery. The IMS helps
improve the speed and accuracy of claims handling, leading to enhanced customer
satisfaction and operational efficiency.
Effective Customer Relationship Management: The IMS focuses on providing a
centralized platform for managing customer information and interactions. It aims to
maintain a comprehensive customer database, enabling insurers to track customer
history, preferences, and communication. This helps insurers deliver personalized
services, respond promptly to customer queries, and build strong customer
relationships.
Accurate Data Management and Analysis: An essential objective of the IMS is to
ensure proper storage, organization, and analysis of insurance-related data. It helps
insurers collect, process, and analyse vast amounts of data, including policy records,
claims history, customer information, and market trends. By leveraging data analytics
techniques, the IMS enables insurers to extract valuable insights, identify patterns,
detect fraud, and make informed business decisions.
Regulatory Compliance: The IMS aims to assist insurance companies in adhering to
regulatory requirements and industry standards. It helps automate compliance-related
tasks, such as generating reports, tracking policy compliance, and ensuring data
privacy and security. Compliance features within the IMS help insurers avoid penalties,
maintain transparency, and operate within legal boundaries.
Enhanced Operational Efficiency: The IMS seeks to improve operational efficiency by
automating routine tasks, reducing manual effort, and minimizing errors. It optimizes
workflow processes, eliminates duplication of efforts, and provides a centralized
system for collaboration and communication among different departments. The IMS
enables insurers to streamline operations, save costs, and allocate resources effectively.
3.1.3 Purpose:
The purpose of insurance management is to fulfil several key objectives and serve
various stakeholders in the Insurance industry. Here are some main purposes:
Automation and Efficiency: Python's extensive libraries and frameworks enable the
automation of various insurance processes, reducing manual effort and increasing
operational efficiency. Python allows for the development of streamlined workflows,
automated data processing, and efficient communication between different components of
the IMS.
Data Processing and Analysis: Python's robust libraries, such as Pandas and NumPy,
provide powerful tools for data manipulation, processing, and analysis. With Python, an
IMS can handle large volumes of insurance data, extract insights, and perform complex
calculations. Python's integration with machine learning libraries, such as Scikit-learn,
allows for predictive analytics and risk modelling.
Customization and Flexibility: Python's versatility and readability make it an ideal
choice for building customizable insurance management solutions. Python's object-
oriented programming (OOP) capabilities enable developers to design modular and
scalable systems, allowing for easy customization and adaptation to specific business
needs.
Integration and Interoperability: Python's extensive support for APIs and its ability to
integrate with various external systems and data sources make it suitable for developing an
IMS with seamless connectivity. Python enables the integration of insurance systems with
external services, such as payment gateways, document management systems, or third-
party data providers.
Web Development and User Interface: Python web frameworks, such as Django or
Flask, facilitate the development of intuitive user interfaces and web portals for accessing
the IMS. These frameworks provide tools for user authentication, session management,
and secure data transmission, enabling insurance agents, administrators, and customers to
interact with the system efficiently.
Testing and Debugging: Python offers robust testing frameworks, such as PyTest or
UnitTest, which aid in ensuring the reliability and stability of the IMS.
A data flow diagram shows the way information flows through a process or system. It
includes data inputs and outputs, data stores, and the various subprocesses the data moves
through. DFDs are built using standardized symbols and notation to describe various entities
and their relationships. A data flow diagram (DFD) is a graphical representation of how data
flows within a system. It is commonly used in software engineering and system analysis to
visualize the flow of data between various processes, data stores, and external entities.
and rapidly implemented in the experimental condition, C/C++ had the disadvantage of being
somewhat complicated and time-consuming concerning its coding and compiling processes.
Lastly, an environment was built using Ether CAT Fieldbus-based servo motors and digital
outputs used in actual industrial sites, and periodicity and synchronicity were measured
through a python-based real-time control system experiment also performed statistical
analysis using Z−score.
As a result, Python was shown to work in a real-time environment, task periodicity was
satisfied, priority-based pre-emption occurred, and the feasibility of Python was researched
on a real-time control system.
The results here can be applied to industrial controllers, robots, and the mobility field
where real-time performance is required, and this method can extend the limits and relax the
constraints of real-time performance with Python, enabling integration with real-time systems
in various fields, such as artificial intelligence (AI), data science, and networking.
For future studies, as shown in RT−AIDE, performance evaluations and research using a
greater variety of real-time metrics will be conducted to improve experiment and analysis
methods, including power consumption, which may be applied only to RT-Pre-empt but also
to several RTOSs, and both non–real-time and real-time types. In addition, we will be
conducting research on intelligent control systems leveraging machine learning and neural
network inference for service and industrial robots
• Cost required to conduct full software investigation (such as requirements elicitation and
requirements analysis).
Technical feasibility assesses the current resources (such as hardware and software) and
technology, which are required to accomplish user requirements in the software within the
allocated time and budget. For this, the software development team ascertains whether the
current resources and technology can be upgraded or added in the software to accomplish
specified user requirements. Technical feasibility also performs the following tasks.
• analysis the technical skills and capabilities of the software development team members.
• Ascertains that the technology chosen for software development has a large number of
users so that they can be consulted when problems arise or improvements are required.
Behavioural feasibility refers to assessing the acceptance and willingness of users to adopt
and use a proposed system or software. In the case of an Insurance Management System
(IMS), evaluating behavioural feasibility involves understanding the attitudes, preferences,
and behaviour patterns of the system's potential users, including insurance agents,
administrators, and customers. This assessment aims to determine whether the proposed IMS
aligns with the needs and expectations of the users and whether they are likely to embrace
and utilize the system effectively.
CHAPTER 4
resources, and developing a roadmap for project execution. Here's an overview of the key
steps involved in project analysis and planning:
Define Project Objectives: Clearly articulate the goals and objectives of the IMS
project. This may include improving operational efficiency, enhancing customer
service, streamlining policy administration, or enabling advanced data analytics.
Identify Stakeholders: Identify the individuals or groups who will be impacted
by or have an interest in the IMS project. This may include insurance company
executives, IT staff, insurance agents, administrators, underwriters, claims
processors, and customers.
Gather Requirements: Engage with stakeholders to elicit their needs,
expectations, and pain points related to insurance operations. Conduct interviews,
surveys, or workshops to capture detailed requirements. Identify functional
requirements, such as policy management, claims processing, customer
relationship management, reporting and analytics, and integration with external
systems. Determine non-functional requirements, including system performance,
scalability, security, usability, and regulatory compliance.
Perform System Analysis: Analyse the current insurance processes and
workflows to identify inefficiencies, bottlenecks, and areas for improvement.
Identify data sources and integration points within the insurance ecosystem, such
as external data providers, payment gateways, or document management systems.
Assess the potential impact of implementing the IMS on existing systems,
infrastructure, and personnel.
Determine System Components and Functionalities: Based on the requirements
and analysis, define the core components and functionalities of the IMS. This may
include policy administration, claims management, customer relationship
management, document management, reporting and analytics, and integration
capabilities. Prioritize functionalities based on their importance, feasibility, and
alignment with project objectives.
Evaluate Technology Stack: Determine the appropriate technology stack for
developing the IMS. Consider factors such as scalability, maintainability, security,
and compatibility with existing infrastructure and systems. Evaluate programming
languages, frameworks, databases, and third-party libraries or APIs that best suit
the project requirements. For example, Python, Django, PostgreSQL, and data
analytics libraries like Pandas and Scikit-learn.
Assess Project Constraints and Risks: Identify any constraints or limitations
that may impact the implementation of the IMS. These may include budgetary
constraints, time limitations, resource availability, or regulatory compliance
requirements. Conduct a risk assessment to identify potential risks and develop
strategies to mitigate or manage them. This includes risks related to data security,
system performance, technology compatibility, or user adoption.
Create Project Plan: Develop a detailed project plan that outlines the tasks,
timelines, and resource allocation for each phase of the IMS project. Include
milestones, deliverables, and dependencies to ensure effective project
management. Define roles and responsibilities for team members and establish
communication channels and reporting mechanisms.
Obtain Stakeholder Buy-In: Present the project analysis findings and the
proposed IMS solution to key stakeholders. Seek their feedback and obtain their
buy-in and support for the project. Address any concerns or questions raised by
stakeholders and ensure alignment between their expectations and the project
objectives.
CHAPTER 5
impact, and implementing strategies to mitigate or manage those risks. Here's an overview of
the key steps involved in risk identification and management:
Risk Analysis:
Risk Probability and Impact Assessment: Assess the likelihood or probability of each
identified risk occurring and the potential impact it would have on the project objectives.
This analysis helps prioritize risks for further attention.
Qualitative Analysis: Use subjective scales or qualitative methods (e.g., low, medium,
high) to assess risk probability and impact based on expert judgment or historical data.
Quantitative Analysis: If sufficient data is available, conduct a quantitative analysis using
techniques such as Monte Carlo simulations or sensitivity analysis to assign numerical
probabilities and impacts to risks.
Risk Avoidance: Identify risks that can be completely avoided by taking preventive
actions. Modify the project plan or scope to eliminate the risk altogether.
Risk Mitigation: Develop strategies to reduce the probability or impact of identified risks.
Implement preventive measures or controls to minimize the likelihood of occurrence or
reduce the severity of the impact.
Risk Transfer: Transfer the risk to a third party, such as through insurance or outsourcing,
to mitigate the project's potential financial or operational impact.
Risk Acceptance: Accept certain risks if their impact is deemed acceptable and no further
actions are deemed necessary. Document the decision-making process and ensure
stakeholders are aware of the accepted risks.
Regular Review: Continuously monitor identified risks throughout the project lifecycle.
Update the risks register and reassess risks as the project progresses and new information
becomes available.
Trigger Identification: Establish triggers or warning signs that indicate when a risk is
about to occur or has occurred. Define specific actions or contingency plans to be
activated when triggers are observed.
Risk Response Execution: Implement the planned risk response strategies when
necessary. This may involve activating contingency plans, adjusting project resources or
schedules, or seeking additional approvals or support.
Remember that risk management is an on-going process throughout the project lifecycle.
Regularly reassess risks, monitor the effectiveness of risk response strategies, and make
adjustments as needed. By actively identifying and managing risks, project teams can
minimize potential threats and increase the chances of project success.
CHAPTER 6
Python:
Guido van Rossum began working on Python in the late 1980s as a successor to the ABC
programming language and first released it in 1991 as Python 0.9.0. Python 2.0 was released
in 2000. Python 3.0, released in 2008, was a major revision not completely backward-
compatible with earlier versions. Python 2.7.18, released in 2020, was the last release of
Python 2.
DJANGO FRAMEWORK:
Django is a Python framework that makes it easier to create web sites using Python.
Django takes care of the difficult stuff so that you can concentrate on building your web
applications. Django emphasizes reusability of components, also referred to as DRY (Don't
Repeat Yourself), and comes with ready-to-use features like login system, database
connection and CRUD operations (Create Read Update Delete). Django was invented by
Lawrence Journal-World in 2003, to meet the short deadlines in the newspaper and at the
same time meeting the demands of experienced web developers. Initial release to the public
was in July 2005. Latest version of Django is 4.0.3 (March 2022).
Model - The data you want to present, usually data from a database.
View - A request handler that returns the relevant template and content - based on the
request from the user.
Template - A text file (like an HTML file) containing the layout of the web page, with
logic on how to display the data.
SQLite:
CHAPTER 7
DATABASE DESIGN
POLICY HOLDERS
EXISTING POLICIES
Existing policies in insurance refer to insurance policies that are currently in effect and have
not yet expired or been cancelled. These are the policies that policyholders have purchased
and are actively covered by.
INSURANCE CATEGORIES
Insurance is a way to manage your risk. When you buy insurance, you purchase protection
against unexpected financial losses. The insurance company pays you or someone you choose
if something bad happens to you. If you have no insurance and an accident happens, you may
be responsible for all related costs.
CHAPTER 8
IMPLEMENTATION
def main():
os.environ.setdefault('DJANGO_SETTINGS_MODULE', 'insurancemanagement.settings')
try:
from django.core.management import execute_from_command_line
except ImportError as exc:
raise ImportError(
"Couldn't import Django. Are you sure it's installed and "
"available on your PYTHONPATH environment variable? Did you "
"forget to activate a virtual environment?"
) from exc
execute_from_command_line(sys.argv)
if _name_ == '_main_':
main()
import os
SECRET_KEY = 'ls@!_(edqp*xy76kvbsst$07at(v^li*2&ew!^$8o(@wa6@a+$'
ALLOWED_HOSTS = []
# Application definition
INSTALLED_APPS = [
'django.contrib.admin',
'django.contrib.auth',
'django.contrib.contenttypes',
'django.contrib.sessions',
'django.contrib.messages',
'django.contrib.staticfiles',
'widget_tweaks',
'insurance',
'customer',
]
MIDDLEWARE = [
'django.middleware.security.SecurityMiddleware',
'django.contrib.sessions.middleware.SessionMiddleware',
'django.middleware.common.CommonMiddleware',
'django.middleware.csrf.CsrfViewMiddleware',
'django.contrib.auth.middleware.AuthenticationMiddleware',
'django.contrib.messages.middleware.MessageMiddleware',
'django.middleware.clickjacking.XFrameOptionsMiddleware',
ROOT_URLCONF = 'insurancemanagement.urls'
TEMPLATES = [
{
'BACKEND': 'django.template.backends.django.DjangoTemplates',
'DIRS': [TEMPLATE_DIR,],
'APP_DIRS': True,
'OPTIONS': {
'context_processors': [
'django.template.context_processors.debug',
'django.template.context_processors.request',
'django.contrib.auth.context_processors.auth',
'django.contrib.messages.context_processors.messages',
],
},
},
]
WSGI_APPLICATION = 'insurancemanagement.wsgi.application'
# Database
# https://docs.djangoproject.com/en/3.0/ref/settings/#databases
DATABASES = {
'default': {
'ENGINE': 'django.db.backends.sqlite3',
'NAME': os.path.join(BASE_DIR, 'db.sqlite3'),
}
}
# Password validation
# https://docs.djangoproject.com/en/3.0/ref/settings/#auth-password-validators
AUTH_PASSWORD_VALIDATORS = [
{
'NAME': 'django.contrib.auth.password_validation.UserAttributeSimilarityValidator',
},
{
'NAME': 'django.contrib.auth.password_validation.MinimumLengthValidator',
},
{
'NAME': 'django.contrib.auth.password_validation.CommonPasswordValidator',
},
{
'NAME': 'django.contrib.auth.password_validation.NumericPasswordValidator',
},
]
# Internationalization
# https://docs.djangoproject.com/en/3.0/topics/i18n/
LANGUAGE_CODE = 'en-us'
TIME_ZONE = 'UTC'
USE_I18N = True
USE_L10N = True
USE_TZ = True
# Static files (CSS, JavaScript, Images)
# https://docs.djangoproject.com/en/3.0/howto/static-files/
STATIC_URL = '/static/'
STATICFILES_DIRS=[
STATIC_DIR,
]
LOGIN_REDIRECT_URL='/afterlogin'
urlpatterns = [
path('admin/', admin.site.urls),
path('customer/',include('customer.urls')),
path('',views.home_view,name=''),
path('logout',
LogoutView.as_view(template_name='insurance/logout.html'),name='logout'),
path('aboutus', views.aboutus_view),
path('contactus', views.contactus_view),
path('afterlogin', views.afterlogin_view,name='afterlogin'),
path('adminlogin',
LoginView.as_view(template_name='insurance/adminlogin.html'),name='adminlogin'),
path('admin-dashboard', views.admin_dashboard_view,name='admin-dashboard'),
path('admin-view-customer', views.admin_view_customer_view,name='admin-view-
customer'),
path('update-customer/<int:pk>', views.update_customer_view,name='update-customer'),
path('delete-customer/<int:pk>', views.delete_customer_view,name='delete-customer'),
path('admin-category', views.admin_category_view,name='admin-category'),
path('admin-view-category', views.admin_view_category_view,name='admin-view-
category'),
path('admin-update-category', views.admin_update_category_view,name='admin-update-
category'),
path('update-category/<int:pk>', views.update_category_view,name='update-category'),
path('admin-add-category', views.admin_add_category_view,name='admin-add-category'),
path('admin-delete-category', views.admin_delete_category_view,name='admin-delete-
category'),
path('delete-category/<int:pk>', views.delete_category_view,name='delete-category'),
path('admin-policy', views.admin_policy_view,name='admin-policy'),
path('admin-add-policy', views.admin_add_policy_view,name='admin-add-policy'),
path('admin-view-policy', views.admin_view_policy_view,name='admin-view-policy'),
path('admin-update-policy', views.admin_update_policy_view,name='admin-update-
policy'),
path('update-policy/<int:pk>', views.update_policy_view,name='update-policy'),
path('admin-delete-policy', views.admin_delete_policy_view,name='admin-delete-policy'),
path('delete-policy/<int:pk>', views.delete_policy_view,name='delete-policy'),
path('admin-view-policy-holder', views.admin_view_policy_holder_view,name='admin-
view-policy-holder'),
path('admin-view-approved-policy-holder',
views.admin_view_approved_policy_holder_view,name='admin-view-approved-policy-
holder'),
path('admin-view-disapproved-policy-holder',
views.admin_view_disapproved_policy_holder_view,name='admin-view-disapproved-
policy-holder'),
path('admin-view-waiting-policy-holder',
views.admin_view_waiting_policy_holder_view,name='admin-view-waiting-policy-holder'),
path('approve-request/<int:pk>', views.approve_request_view,name='approve-request'),
path('reject-request/<int:pk>', views.disapprove_request_view,name='reject-request'),
path('admin-question', views.admin_question_view,name='admin-question'),
path('update-question/<int:pk>', views.update_question_view,name='update-question'),
]
CHAPTER 9
TESTING
Testing Strategies:
There are two general strategies for testing software. There are follows.
Code Testing:
This examines the logic of the program. To follow this test, cases are developed such that very
path of the program is tested.
Specification Testing:
Specification testing examines the specifications starting what the program should
do and how it should perform under various conditions. Then test cases are developed for
each condition and combinations of conditions and to be submitted for processing.
Module Testing:
Module is a collection of dependent components such as an object class an abstract data
type or some looser collection of procedures and functions. A module encapsulates related
components so can be tested without other system modules.
Subsystem Testing:
This phase involves testing collection of modules, which have been integrated into
subsystems. Subsystems may be independently designed and implemented. The most
common problems which arise in the large software systems are subsystems interface
mismatches. The subsystem test process should therefore concentrate on the detection of
interface errors by rigorously exercising these interfaces.
System Testing:
The subsystems are integrated to make up the entire system. The testing process is
concerned with finding errors, which result from unanticipated interactions between
subsystems and system components. It is also concerned with validating that the system is
functional and non-functional requirements.
Ex Those all subsystems are integrated and checked for inter-dependency between the subsystems.
Acceptance Testing:
This is final stage in testing process before the system is tested for operational use. The
system is tested with data supplied by the system procurer rather than simulated test data.
Acceptance testing may reveal errors and omissions in the systems requirements definitions
because the real data exercises the system in different phase from the test data. Acceptance
testing may also reveal the requirements problems where the system facilities do not really
meet the user’s needs or system performance is unacceptable.
CHAPTER 10
SCREENSHOT
Home page:
LOGIN PAGE:
HOME PAGE:
Chapter 11
FUTURE ENHANCEMENT
In the future, Insurance management systems are likely to undergo several enhancements to
keep up with evolving technology and customer expectations. Here are some potential future
enhancements.
CHAPTER 12
CONCLUSION
insurance approval systems play a crucial role in the efficient operation of insurance
companies. They enable insurers to streamline processes, improve customer service, manage
risks, and maintain regulatory compliance. Over time, these systems have evolved to
incorporate advancements in technology and customer expectations. Insurance approval
systems provide a centralized repository for storing policyholder information, claims data,
underwriting details, and other essential data. This allows for easy access, retrieval, and
analysis of information, leading to faster decision-making and improved operational
efficiency. These systems facilitate policy administration tasks such as policy issuance,
renewal, endorsement, and cancellation. They automate these processes, reducing manual
errors and ensuring accuracy and consistency across policy documentation.
CHAPTER 13
REFERENCES
Book : Programming the World Wide Web. Author : Robert W. Sebesta. (Fourth
Edition).
Python : https://www.w3schools.com/python/
Django : https://www.javatpoint.com/django-tutorial
SQLite3 : https://docs.python.org/3/library/sqlite3.html
HTML : https://www.w3schools.com/html
CSS : https://www.javatpoint.com/css-tutorial
Python : https://www.programiz.com/python-programming
Django : https://www.djangoproject.com/
SQL : https://www.tutorialspoint.com/sql/index.htm
PyCharm : https://realpython.com/pycharm-guide/
Bootstrap : https://django-bootstrap-v5.readthedocs.io/en/latest/